Major Indexes Struggle
Lately, rallies in the major indexes have found it difficult to consolidate their gains. ETFs such as DIA (30-Industrials), SPY (500-Large Caps), IWM (2000-Small Caps), IYT (Transports), and QQQ (100-Nasdaq Largest Non-Financial) are still struggling and remain in the red. While assets such as XOP (S&P Oil & Gas Exploration & Production), XME (S&P Metals & Mining), and XLU (Utilities) are going through a flourishing period of capital influx.
Precious Metals Soar
Also recently, positions in energy and precious metal ETFs are having positive performances and major stock index ETFs are faring well. Meanwhile, inflation is reaching record highs across the globe as central banks raise lending rates. Many investors are reconsidering their positions and keeping cash at the ready as they closely monitor key sectors.
*OspreyFX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.
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